Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter. 

Last week I got a call from ecnomic strategIst Institution explaining about non grantor trust.

Way too many buyers fighting over very few deals along with large institutional investors and institutional wholesalers are making it even tighter. 

In the run up in real estate prices from 2011, a bunch of institutional investors realized how safe of an asset multifamily was.

I always found that local banks give you a better deal on rates vice big institutional banks (Wells Fargo, Bank Of America, etc).

Syracuse has strong university and hospital anchor institutions that provide a little economic stability.

Financial institutions like to see annual leases typically.

I'll adopt "The Scarface Solution" (I'm not copywriting that - feel free to use it in future explanations) and get the money first.

But I think that is common with many owners that are institutional banks

I was speaking with a multi-billion $ institutional investor's COO several weeks ago and they said when they went to Wall Street to raise money, every banker wanted to know how much of their portfolio was based in Atlanta...meaning, Wall Street knows that Atlanta is a very stable and quality location to own in and while return may be lower than other higher risk areas, it is a quality area and top of the bell curve in most return and risk respects.